REGISTERED NUMBER: 10301341 (England and Wales)

PIONEER HOLDINGS GLOBAL LIMITED

GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Group Strategic Report

2

Report of the Directors

5

Report of the Independent Auditors

7

Consolidated Income Statement

11

Consolidated Other Comprehensive Income

12

Consolidated Balance Sheet

13

Company Balance Sheet

14

Consolidated Statement of Changes in Equity

15

Company Statement of Changes in Equity

16

Consolidated Cash Flow Statement

17

Notes to the Consolidated Cash Flow Statement

18

Notes to the Consolidated Financial Statements

19

DIRECTORS:

A D Caceres

R Sanchez

P Critchley

REGISTERED OFFICE:

Unit 5

Hamilton Road

S Park Business Park

Stockport

SK1 2AE

REGISTERED NUMBER:

10301341 (England and Wales)

AUDITORS:

Clarke Nicklin LLP

Chartered Accountants and

Statutory Auditors

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

The directors present their strategic report of the company and the group for the year ended 31 August 2025.

Pioneer Digital Solutions Limited specializes in supplying Audio Visual Solutions, Electrical and Infrastructure Services to the QSR (Quick Service Restaurants), Sports Stadia, Ministry of Defence, Corporate, automotive, and NHS sectors.

REVIEW OF BUSINESS

The 2024/2025 financial year represents a consolidation and acceleration phase for Pioneer Digital Solutions, building upon the strong foundations established in YE24. Having invested significantly in sales capability, workforce development, and divisional structure in the prior year, the focus in YE25 is on scalable delivery, margin optimisation, and sustainable growth across both existing and emerging verticals.

The expanded client base secured in YE24 is expected to drive increased repeat business and long term framework opportunities during YE25. Strategic emphasis has shifted toward strengthening operational capacity, improving project execution efficiency, and embedding consistent delivery standards as project volumes increase.

Key strategic priorities for YE25 include:

o Converting new client relationships into long term partners and multi site programmes

o Further strengthening internal capability through targeted recruitment and advanced training

o Enhancing commercial discipline to protect margins amid inflationary pressures

o Leveraging cross division collaboration to offer fully integrated solutions

Despite continued economic uncertainty and cost pressures across the supply chain, the business enters YE25 from a position of strength, supported by a resilient order pipeline and increased diversity of revenue streams.

This forward momentum reflects the company's continued commitment to innovation, customer satisfaction, and disciplined execution. Through regular performance reviews and agile management responses, Pioneer Digital Solutions is well positioned to achieve its strategic objectives for YE25 and beyond.

PRINCIPAL RISKS AND UNCERTAINTIES

The directors acknowledge that the business remains exposed to a range of risks inherent to the sectors it serves. These include:

o Market volatility and economic uncertainty

o Ongoing skills shortages within technical roles

o Supply chain disruption and cost inflation

o Increased competition within core sectors

The directors are confident that the company's existing governance framework, operational controls, and risk management processes remain appropriate and effective. Risks are reviewed regularly, and mitigation strategies are adapted in line with changing market conditions.

FINANCIAL RISK MANAGEMENT

Credit Risk

Credit risk primarily arises from trade receivables. This risk is managed through:

o Ongoing credit assessment of customers

o Proactive monitoring of debtor balances

o Allocation of appropriate credit terms aligned to customer risk profiles

Currency Risk

Foreign exchange exposure arises from the purchase of equipment and specialist components. This risk is mitigated by:

o Fixing supplier pricing at the quotation stage

o Aligning customer pricing structures with confirmed procurement costs

LIQUIDITY RISK

The group maintains a strong focus on liquidity management. Cash flow forecasting is undertaken on a regular basis to ensure sufficient funds are available to meet operational, project delivery, and investment requirements. This disciplined approach is expected to support continued growth throughout YE25.

KEY PERFORMANCE INDICATORS

The following KPIs will be used to measure progress against the company's strategic objectives during YE25:

Financial and Commercial

o Revenue growth driven by repeat and framework clients

o Gross profit margin stabilisation through improved cost control

o Profitability supported by project execution efficiency

People

o Maintain high staff retention through engagement, training, and career development

o Targeted recruitment aligned to delivery demand

Growth

o Expansion within existing sectors and selective entry into adjacent verticals

o Increased cross selling of integrated services across divisions

Sustainability

o Continued reduction in fuel and electricity costs through:

- Route optimisation and fleet efficiency

- Energy efficient facilities and operational practices

2025

2024

£

£

Revenue

12,434

12,055

Profit before tax

925

1,018

Gross profit margin

41%

42%

STATEMENT OF DIRECTORS’ RESPONSIBILITIES

The directors consider that the strategic priorities set out for YE25 align with the long term interests of the company, its employees, customers, and stakeholders.

ON BEHALF OF THE BOARD:

P Critchley - Director

21 May 2026

The directors present their report with the financial statements of the company and the group for the year ended 31 August 2025.

PRINCIPAL ACTIVITY

The principal activity of the group in the year under review was that of electrical equipment installation and maintenance.

DIVIDENDS

The total distribution of dividends in the period ended 31 August 2025 was £494,434 (2024: £425,178).

EVENTS SINCE THE END OF THE YEAR

Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS

A D Caceres , R Sanchez and P Critchley were appointed as directors after 31 August 2025 but prior to the date of this report.

C Appleyard and P Childerhouse ceased to be directors after 31 August 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS

The auditors, Clarke Nicklin LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

P Critchley - Director

21 May 2026

Opinion

We have audited the financial statements of Pioneer Holdings Global Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 August 2025 which comprise the Consolidated Income Statement, Consolidated Other Comprehensive Income, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity, Consolidated Cash Flow Statement and Notes to the Consolidated Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the group's and of the parent company affairs as at 31 August 2025 and of the group's profit for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or

-	the parent company financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Procedures to identify risks:

-

enquiring of management concerning the company's procedures relating to: identifying, evaluating and complying with laws and regulations and whether they were aware of any instances of noncompliance; detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud;

-

discussing among the engagement team regarding how and where fraud might occur in the financial statements and any potential indicators of fraud. As part of this discussion, we identified potential for fraud in the following areas: timing of recognition of sales and purchases and their related stock movements, posting of unusual journals; and

-

obtaining an understanding of the legal and regulatory frameworks that the company operates in, focusing on those laws and regulations that had a direct effect on the financial statements or that had a fundamental effect on the operations of the company. The key laws and regulations we considered in this context included UK Companies Act, employment law, health and safety, pensions legislation and tax legislation.

The procedures to respond to risks identified included:

-

reviewing the financial statement disclosures and testing to supporting documentation to assess compliance with relevant laws and regulations discussed above;

-

enquiring of management, concerning actual and potential litigation and claims;

-

performing analytical procedures to identify any unusual or unexpected relationships that may indicate risks of material misstatement due to fraud;

-

reviewing correspondence with HMRC;

-

testing the timing and matching of income and expense transactions relating to stock movements either side of the year end; and

-

in addressing the risk of fraud through management override of controls, testing the appropriateness of journal entries and other adjustments; assessing whether the judgements made in making accounting estimates are indicative of a potential bias; and evaluating the business rationale of any significant transactions that are unusual or outside the normal course of business.

We also communicated relevant identified laws and regulations and potential fraud risks to all engagement team members, and remained alert to any indications of fraud or non-compliance with laws and regulations throughout the audit.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulation that are not closely related to events and transactions reflected in the financial statements. The risk of not detecting a material misstatement due to fraud is higher than the risk of not detection one resulting from an error, as fraud may involve deliberate concealment, by for example, forgery or intentional misrepresentation, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kerry Burr FCA (Senior Statutory Auditor)

for and on behalf of Clarke Nicklin LLP

Chartered Accountants and

Statutory Auditors

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

21 May 2026

TURNOVER

12,434,646

12,055,793

Cost of sales

7,341,116

6,953,631

GROSS PROFIT

5,093,530

5,102,162

Administrative expenses

4,166,629

4,089,724

926,901

1,012,438

Other operating income

202

6,810

OPERATING PROFIT

4

927,103

1,019,248

Interest receivable and similar income

-

71,655

927,103

1,090,903

Interest payable and similar expenses

5

1,857

1,387

PROFIT BEFORE TAXATION

925,246

1,089,516

Tax on profit

6

237,302

278,676

PROFIT FOR THE FINANCIAL YEAR

687,944

810,840

Profit attributable to:

Owners of the parent

418,510

535,662

Non-controlling interests

269,434

275,178

687,944

810,840

PROFIT FOR THE YEAR

687,944

810,840

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

687,944

810,840

Total comprehensive income attributable to:

Owners of the parent

418,510

535,662

Non-controlling interests

269,434

275,178

687,944

810,840

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

141,942

282,133

Investments

11

(206

)

-

141,736

282,133

CURRENT ASSETS

Stocks

12

385,030

347,652

Debtors

13

5,327,745

5,578,813

Cash at bank

1,352,392

721,925

7,065,167

6,648,390

CREDITORS

Amounts falling due within one year

14

3,001,564

2,876,732

NET CURRENT ASSETS

4,063,603

3,771,658

TOTAL ASSETS LESS CURRENT LIABILITIES

4,205,339

4,053,791

CREDITORS

Amounts falling due after more than one year

15

(13,892

)

(21,504

)

PROVISIONS FOR LIABILITIES

18

(31,767

)

(66,117

)

NET ASSETS

4,159,680

3,966,170

CAPITAL AND RESERVES

Called up share capital

19

608

608

Retained earnings

20

4,159,062

3,965,552

SHAREHOLDERS' FUNDS

4,159,670

3,966,160

NON-CONTROLLING INTERESTS

21

10

10

TOTAL EQUITY

4,159,680

3,966,170

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

P Critchley - Director

FIXED ASSETS

Intangible assets

9

-

-

Tangible assets

10

-

-

Investments

11

200

200

200

200

CURRENT ASSETS

Debtors

13

726,242

1,922,475

Cash at bank

967,710

12,757

1,693,952

1,935,232

CREDITORS

Amounts falling due within one year

14

1,091,159

1,332,412

NET CURRENT ASSETS

602,793

602,820

TOTAL ASSETS LESS CURRENT LIABILITIES

602,993

603,020

CAPITAL AND RESERVES

Called up share capital

19

608

608

Retained earnings

602,385

602,412

SHAREHOLDERS' FUNDS

602,993

603,020

Company's profit for the financial year

224,973

206,417

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

P Critchley - Director

Called up

share

Retained

Non-controlling

Total

capital

earnings

Total

interests

equity

£

£

£

£

£

Balance at 1 September 2023

200

3,579,890

3,580,090

10

3,580,100

Changes in equity

Issue of share capital

408

-

408

-

408

Dividends

-

(150,000

)

(150,000

)

(275,178

)

(425,178

)

Total comprehensive income

-

535,662

535,662

275,178

810,840

Balance at 31 August 2024

608

3,965,552

3,966,160

10

3,966,170

Changes in equity

Dividends

-

(225,000

)

(225,000

)

(269,434

)

(494,434

)

Total comprehensive income

-

418,510

418,510

269,434

687,944

Balance at 31 August 2025

608

4,159,062

4,159,670

10

4,159,680

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 September 2023

200

545,995

546,195

Changes in equity

Issue of share capital

408

-

408

Dividends

-

(150,000

)

(150,000

)

Total comprehensive income

-

206,417

206,417

Balance at 31 August 2024

608

602,412

603,020

Changes in equity

Dividends

-

(225,000

)

(225,000

)

Total comprehensive income

-

224,973

224,973

Balance at 31 August 2025

608

602,385

602,993

Cash flows from operating activities

Cash generated from operations

1

712,704

1,074,746

Interest element of hire purchase payments paid

(1,857

)

(1,387

)

Tax paid

(189,884

)

(753,724

)

Net cash from operating activities

520,963

319,635

Cash flows from investing activities

Purchase of tangible fixed assets

(14,648

)

(58,468

)

Sale of tangible fixed assets

87,800

-

Sale of unlisted investments

-

1,441,116

Interest received

-

71,655

Net cash from investing activities

73,152

1,454,303

Cash flows from financing activities

Capital repayments in year

(14,936

)

(13,791

)

Amount introduced by directors

933,000

1,200,323

Amount withdrawn by directors

(387,278

)

(2,643,816

)

Share issue

-

408

Equity dividends paid

(225,000

)

(150,000

)

Dividends paid to minority interests

(269,434

)

(275,178

)

Net cash from financing activities

36,352

(1,882,054

)

Increase/(decrease) in cash and cash equivalents

630,467

(108,116

)

Cash and cash equivalents at beginning of year

2

721,925

830,041

Cash and cash equivalents at end of year

2

1,352,392

721,925

1.	RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS

2025

2024

£

£

Profit before taxation

925,246

1,089,516

Depreciation charges

65,597

81,271

Loss on disposal of fixed assets

1,443

-

Finance costs

1,857

1,387

Finance income

-

(71,655

)

994,143

1,100,519

(Increase)/decrease in stocks

(37,378

)

145,388

(Increase)/decrease in trade and other debtors

(529,664

)

11,809

Increase/(decrease) in trade and other creditors

285,603

(182,970

)

Cash generated from operations

712,704

1,074,746

2.	CASH AND CASH EQUIVALENTS

The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts:

Year ended 31 August 2025

31.8.25

1.9.24

£

£

Cash and cash equivalents

1,352,392

721,925

Year ended 31 August 2024

31.8.24

1.9.23

£

£

Cash and cash equivalents

721,925

830,041

3.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.9.24

Cash flow

At 31.8.25

£

£

£

Net cash

Cash at bank

721,925

630,467

1,352,392

721,925

630,467

1,352,392

Debt

Finance leases

(35,819

)

15,141

(20,678

)

(35,819

)

15,141

(20,678

)

Total

686,106

645,608

1,331,714